{"id":3666,"date":"2022-10-03T07:30:35","date_gmt":"2022-10-03T07:30:35","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=3666"},"modified":"2022-10-14T09:35:36","modified_gmt":"2022-10-14T09:35:36","slug":"fixed-asset-inventory-key-points-and-importance","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/fixed-asset-inventory-key-points-and-importance\/","title":{"rendered":"Fixed asset inventory: Key points and importance"},"content":{"rendered":"

\"Fixed<\/p>\n

The management of a company’s fixed assets consists in administering the assets intended to serve the company sustainably. It brings goods into conformity and anticipates the financial impacts.<\/p>\n

Often associated with the end of the financial year, inventory work on fixed assets is a legal obligation. Indeed, it is an exercise that requires a certain effort of precision and rigor.<\/p>\n

The value of the company’s assets and liabilities must be subject to an inventory at least once per financial year.<\/p>\n

This includes all of the company’s assets. Consequently, the annual physical inventory also covers fixed assets. Thus, depending on the activity and the organization of the company, the inventory can prove to be particularly complex.<\/p>\n

In addition to simply responding to a legal obligation, the physical inventory of fixed assets represents an annual opportunity to update and improve internal procedures. It enables them to streamline their accounting, analytical management, and even logistical procedures.<\/p>\n

To do this, it is necessary to follow a rigorous methodology for keeping the physical inventory of fixed assets and know the different types of methods used. How many types of fixed asset inventory are there? Here are some examples of inventory types:<\/p>\n

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